Amkor Technology PT Raised to $10.00 at Deutsche Bank (AMKR)
Deutsche Bank upped their price objective on shares of Amkor Technology (NASDAQ:AMKR) from $7.00 to $10.00 in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 2.04% from the stock’s previous close.
Amkor Technology (NASDAQ:AMKR) traded up 0.50% during mid-day trading on Tuesday, hitting $9.849. 1,125,399 shares of the company’s stock traded hands. Amkor Technology has a one year low of $4.00 and a one year high of $12.27. The stock’s 50-day moving average is $11.09 and its 200-day moving average is $8.0. The company has a market cap of $2.330 billion and a P/E ratio of 18.88. Amkor Technology also was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 6,377,631 shares, a drop of 39.4% from the June 30th total of 10,522,235 shares. Based on an average daily trading volume, of 1,690,976 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.1% of the shares of the stock are sold short.
Amkor Technology (NASDAQ:AMKR) last released its earnings data on Monday, July 28th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.06. The company had revenue of $767.00 million for the quarter, compared to the consensus estimate of $761.40 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Amkor Technology will post $0.70 EPS for the current fiscal year.
A number of other firms have also recently commented on AMKR. Analysts at Topeka Capital Markets raised their price target on shares of Amkor Technology from $9.00 to $13.00 in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Analysts at Zacks upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Amkor Technology currently has an average rating of “Buy” and a consensus target price of $10.42.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
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